What Facebook's Newsfeed Update Means for Publishers
Facebook making major changes to its newsfeed. Last week the social media giant announced it would change the newsfeed to favor posts from friends and family over media publishers. Digiday's Co-Executive Editor Lucia Moses explains what this could mean for media publishers.
"Never before have they been under the kind of scrutiny and so this is a reaction to that," explains Moses. "Publishers are understandably freaking out."
This change by Facebook comes after questionable content has populated its feed, the spread of fake news, and Russia meddling with the U.S. election through posts on its platform. Shares of Facebook are down 4.5 percent over the past five days.
Social media giant 'Facebook' has rebranded itself as 'Meta' in a move that has many talking about the motive behind the timing of the announcement as the company finds itself getting negative press almost daily. Editor In Chief of Investopedia Caleb Silver breaks down the change and how the vision of Meta and the Metaverse could change the future.
Third quarter Shopify earnings fell below expectations in both revenue and earnings per share. Though the e-commerce retailer has seen growth in partnerships with Target and Spotify, as well as adoption of a buy now, pay later payment option, Hatem Dhiab, Managing Partner at Gerber Kawasaki explains the impact that ongoing supply chain issues have had on Shopify's bottom line.
Alphabet reported an earnings beat on the top and bottom lines, proving to be immune to Apple's privacy policy changes and the supply chain shortages. Cheddar News was joined by Martin Garner, COO of CCS Insight to dive into the numbers and the future of Google.
Carlo and Baker cover Facebook's big rebrand, the latest on Biden's economic agenda and more. Plus, ranking the best Halloween candy and the worst couple's costumes.
Nicola Mendelsohn, vice president of the global business group at the newly-christened Meta, joined Cheddar to discuss what went into the re-branding of Facebook's parent company. Regarding criticism that the name change might be a way for the company to deflect from news of its role in allegedly undermining child safety, growing political strife, and spreading vaccine disinformation, she noted that the process began even earlier. "Something like this takes a long time to pull together," Mendelsohn said.
Proptech startup Juno recently raised $20 million in a Series A funding round. The company says the funds will be used to further its mission of building sustainable and affordable apartment buildings across the United States. Juno Co-Founder and CEO Jonathan Sherr joined Cheddar News' Closing Bell to discuss.
